I agree on the Swarovski z6i 1-6x24mm EE (Extended Eye Relief) having reached cult status, but the eye relief is not 5", it is 3.75", which is still the longest, I believe, that was ever offered.
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Since we are talking best-of-the-best, based on personal use with both, I still rank the Leica Magnus 1-6.3x24 ahead of the Swarovski z6i 1-6x24mm EE in glass quality, although it does have a 0.25" shorter eye relief (3.5"). Mine is on my .458 Lott and has proved so far indestructible through 3 of the Big 5, and has - so far - never bit me under recoil
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+1 on Schmidt & Bender Zenith 1.1-4 x 24, also in the best-of-the-best category, with also a 3.5" eye relief, and Lord knows I still love my old Schmidt & Bender 1.25 - 4 x 20 Biebertal Wetzlar on my Dumoulin .338 Win Mag. Although it is dated now (it only has a 20 mm objective vs. 24 mm for all modern scopes), back in the days (1980's) it was THE reference.
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+1 also on the Kahles, which was purchased by Swarovski in 1974 and became their military brand (like Zeiss has Hensoldt). They are now also using the brand in the civilian market but it is not as well known in the US as the others (Zeiss, Swaro, Leica, S&B).
And since we are touching on other European manufacturers, I would also include Steiner and Meopta in the brands worth looking at.
I think that you may have wanted to say that quality can also be had with a lower price tag.
I actually agree that the quality available nowadays in inexpensive scopes is absolutely amazing, especially compared to what was available even at a much higher price point only a few decades ago.
But this being said, I would say that barring the occasional fluke, quality IS assured with a high price tag - assuming the high price tag is associated with the leading brands discussed in this thread - and I will add that when it comes to optics (scopes & binoculars) "one does not know what one does not know" about the quality difference until one has the opportunity to try side by side prime optics and lesser optics, especially at dawn or dusk. The experience is generally eye opening (pun fully intended).
This does not mean that one cannot hunt, and be wildly successful, with a modern $500 rifle and a modern $300 scope, because these are likely better than what was generally available to our fathers, if only thanks to CNC machining... but best-in-class rifles (e.g. Blaser R8) and best-in-class glass (e.g. Zeiss, Swaro, Leica, S&B, etc.) are leaps & bounds ahead of the lower price offerings in terms of materials quality, precision manufacturing, quality control, etc.